Quarterly Data-Unaudited |
QUARTERLY DATA (UNAUDITED) Provided below is selected unaudited quarterly financial data for the years ended December 31, 2023 and 2022 which reflects Veralto as a discontinued operation ($ in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1st Quarter | | 2nd Quarter | | 3rd Quarter | | 4th Quarter | | 2023: | | | | | | | | | Sales | $ | 5,949 | | | $ | 5,912 | | | $ | 5,624 | | | $ | 6,405 | | | Gross profit | 3,662 | | | 3,318 | | | 3,275 | | | 3,779 | | | Operating profit | 1,517 | | | 1,163 | | | 1,185 | | | 1,337 | | | Net earnings from continuing operations | 1,240 | | | 920 | | | 940 | | | 1,121 | | | Net earnings from discontinued operations, net of income taxes | 210 | | | 186 | | | 189 | | | (42) | | | Net earnings attributable to common stockholders | 1,429 | | | 1,106 | | | 1,129 | | | 1,079 | | | Net earnings per common share from continuing operations(a): | | | | | | | | | Basic | $ | 1.67 | | | $ | 1.25 | | | $ | 1.27 | | | $ | 1.52 | | | Diluted | $ | 1.65 | | | $ | 1.24 | | | $ | 1.26 | | | $ | 1.50 | | | Net earnings per common share from discontinued operations: | | | | | | | | | Basic | $ | 0.29 | | | $ | 0.25 | | | $ | 0.26 | | | $ | (0.06) | | | Diluted | $ | 0.28 | | | $ | 0.25 | | | $ | 0.25 | | | $ | (0.06) | | | Net earnings per common share: | | | | | | | | | Basic | $ | 1.96 | | | $ | 1.50 | | | $ | 1.53 | | | $ | 1.46 | | | Diluted | $ | 1.94 | | (b) | $ | 1.49 | | | $ | 1.51 | | | $ | 1.45 | | (b) | | | | | | | | | | 2022: | | | | | | | | | Sales | $ | 6,526 | | | $ | 6,528 | | | $ | 6,455 | | | $ | 7,134 | | | Gross profit | 4,058 | | | 4,013 | | | 3,891 | | | 4,226 | | | Operating profit | 1,931 | | | 1,891 | | | 1,717 | | | 1,997 | | | Net earnings from continuing operations | 1,536 | | | 1,437 | | | 1,343 | | | 2,012 | | | Net earnings from discontinued operations, net of income taxes | 189 | | | 243 | | | 229 | | | 220 | | | Net earnings attributable to common stockholders | 1,684 | | | 1,658 | | | 1,551 | | | 2,210 | | | Net earnings per common share from continuing operations(a): | | | | | | | | | Basic | $ | 2.09 | | | $ | 1.95 | | | $ | 1.81 | | | $ | 2.73 | | | Diluted | $ | 2.05 | | | $ | 1.92 | | | $ | 1.79 | | | $ | 2.70 | | | Net earnings per common share from discontinued operations: | | | | | | | | | Basic | $ | 0.26 | | | $ | 0.33 | | | $ | 0.31 | | | $ | 0.30 | | | Diluted | $ | 0.26 | | | $ | 0.33 | | | $ | 0.31 | | | $ | 0.30 | | | Net earnings per common share: | | | | | | | | | Basic | $ | 2.35 | | | $ | 2.28 | | | $ | 2.13 | | (b) | $ | 3.03 | | | Diluted | $ | 2.31 | | | $ | 2.25 | | | $ | 2.10 | | | $ | 2.99 | | (b) |
(a) Refer to Note 4 for additional information on the calculation of net earnings per share from continuing operations. (b) Net earnings per common share amounts do not add due to rounding.
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